Sunrun (NASDAQ:RUN) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Sunrun (NASDAQ:RUN - Free Report) from a hold rating to a sell rating in a research report released on Friday.

A number of other research analysts have also weighed in on the stock. UBS Group cut their price target on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Citigroup reaffirmed a "neutral" rating and issued a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $11.00 price target on shares of Sunrun in a research note on Wednesday, April 23rd. TD Cowen reduced their price objective on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, BNP Paribas cut Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.10.

Sunrun Trading Down 2.8%

RUN stock traded down $0.24 during midday trading on Friday, hitting $8.27. 16,956,658 shares of the company's stock were exchanged, compared to its average volume of 11,965,762. The stock's fifty day moving average price is $7.84 and its 200-day moving average price is $8.53. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a market cap of $1.89 billion, a PE ratio of -4.54 and a beta of 2.61. Sunrun has a one year low of $5.45 and a one year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.40) earnings per share. Research analysts predict that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Edward Harris Fenster bought 50,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $10.87 per share, for a total transaction of $543,500.00. Following the completion of the acquisition, the director now owns 1,408,182 shares in the company, valued at approximately $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the transaction, the insider now owns 291,238 shares in the company, valued at approximately $1,962,944.12. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,138 shares of company stock worth $540,103. Insiders own 3.37% of the company's stock.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc increased its position in Sunrun by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock worth $229,000 after buying an additional 1,360 shares during the last quarter. GAMMA Investing LLC increased its position in Sunrun by 14.7% during the first quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock worth $72,000 after buying an additional 1,571 shares during the last quarter. Alterna Wealth Management Inc. increased its position in Sunrun by 16.6% during the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after buying an additional 1,720 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Sunrun by 6.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of Sunrun by 13.2% in the fourth quarter. Xponance Inc. now owns 16,265 shares of the energy company's stock valued at $150,000 after purchasing an additional 1,895 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.